NADCAP Accredited / ISO9001:2015 5-Axis Laser Cutting Manufacturing Business with Management Team in Place.
In the owner’s words: “The core competency of the Company in this industry and technology has always been its ability to process 5-Axis products accurately and consistently with minimal start up time and at a competitive price. We work closely with our customers to solve some very challenging problems for many difficult parts. Our fabrication services are becoming ever more specialized in creating delicate and cosmetically appealing products, such as scratch free stainless panels.”
The Company is a market leader in the Greater Western Michigan region for 5-axis laser cutting and welding services. Laser welding and cutting significantly decreases the time and manpower required to produce many complex parts and delivers extremely high levels of precision, while remaining cost efficient. Most frequently, the Company’s customers are seeking these services for automotive, aerospace parts manufacturing, and processing of hydro-formed, roll-formed, tubular and stamped parts requiring holes, cut-outs and out perimeter trimming, whether it be for proto-typing or large production requirements.
Additionally, the Company offers sheet metal fabrication services. The Company is NADCAP and ISO 9001:2015 certified and has a seasoned management team in place.
The Company obtained a Certified Machinery & Equipment Appraisal in July 2018. The total fair market installed value of equipment is $669,000.
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28,000 square feet leased facility
1) Lean Manufacturing – The Company has been optimized for manufacturing quality and reliability. While the Company works toward efficiency, the Company could benefit from a new owner with lean manufacturing knowledge and experience, or with the resources available to invest in process and plant optimization. This would serve to boost capacity and please customers by reducing lead times. Another option would be hiring a continuous improvement expert. 2) Insource Additional Capabilities – Many of the jobs that the Company takes on require further machining and finishing after the Company has done its cutting, welding, and/or sheet metal fabrication. Investing in the expansion of manufacturing capabilities of the Company may be an excellent means of unlocking new revenue streams and boosting profitability. Based on the work the Company quotes on and outsources, the following would all be investments worth considering: - CNC Machining and Tapping - Upgrade from C02 Laser to Fiber Laser - Turret Presses - Spot Welder - Powder Coating Station - Second Press Brake - Waterjet
1) Committed Leadership – The Company’s General Manager maintains a minority ownership stake in the Company. His leadership abilities, customer relationships, and industry knowledge are all considerable assets to the Company and its next owner, assuming they would wish for him to stay on post-transaction. Ideally, he would like to stay in a management role for the next 8-10 years. Additionally, the company has a full-time Controller with 27 years of experience. 2) Core Competency in a Critical Technology – The precision levels and edge quality achieved with laser cutting machines are better than traditional cutting methods, as the laser beam does not wear during the laser cutting process. Laser cutting technology also enables the Company to cut complex shapes without the need for tooling and at a similar or faster speed than other cutting methods. The result is that the Company can save its customers time and money. 3) Certifications – The Company is both NADCAP Accredited and ISO 9001:2015 Certified. NADCAP is an aerospace and defense industry accreditation that is process specific and considered even more stringent and difficult to obtain than IS09001. In addition to improving the Company’s reliability and quality, NADCAP accreditation is a powerful sales and marketing tool and opens the Company up to additional markets.
Majority owner desires capital for his other business.
The General Manager desires to stay on at the business for up to 10 years.